Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75102 
Authors: 
Year of Publication: 
1988
Series/Report no.: 
Diskussionsbeiträge - Serie I No. 239
Publisher: 
Universität Konstanz, Fakultät für Wirtschaftswissenschaften und Statistik, Konstanz
Abstract: 
The incentive to trade implies that all investors in the market choose to be informed although the whole of them cannot profit from the information signal. This result is due to an insurance property of information.
Document Type: 
Working Paper

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